Aldel Financial SPAC Onepager 5 4 21 V2.Indd

Aldel Financial Inc. (NYSE: ADF) is a newly organized blank check COMPANY SNAPSHOT company whose business purpose is to effect a merger, capital stock SYMBOL NYSE: ADF | ADF.U | ADF WS exchange, asset acquisition, stock purchase, reorganization or similar IPO 4/9/2021 business combination with one or more businesses. AMOUNT $115,000,000

SPONSOR Aldel Investors LLC EXECUTIVE SUMMARY TERM 18 Months • The company is led by Rob Kauffman, who was co-founder, principal and member of the $5M Risk Capital + board of directors of Fortress Investment Group, from its founding in 1998 until 2012 SPONSOR $15M IPO + $20M Forward INVESTMENT • $35 million investment (IPO + forward purchase agreement) with Mr. Kauffman further Purchase Agreement + aligns economic interests with investors $130K OTM Warrants

• Aldel Financial is primarily targeting companies exiting a restructuring process, or that SPAC 101% Cash in Trust otherwise have transient current shareholders, and would benefi t from becoming a STRUCTURE ½ Warrant per Class A Common public company LEGAL Loeb & Loeb • The company will benefi t from an experienced management team and board of directors, with deep expertise in corporate fi nance and capital markets across a variety of ACCOUNTING Plante & Moran industries and sectors

TARGET SECTORS TARGET IDENTIFICATION STRATEGY Financial Services Transportation Aldel Financial seeks to partner with restructuring market participants and to provide Energy access to public capital markets. Asset Based TYPICAL RESTRUCTURING CYCLE PRIMARY TARGET CHARACTERISTICS $600M to over $1B in Enterprise Value Emerging from a restructuring process Public market-ready scale Strong management team Phase 1 Phase 2 Phase 3 Phase 4 Positive cash ﬂ ow prospects • Operational issues • Existing lenders and • Restructuring of business • Business repositioned for combine with weak capital opportunistic funds provide and capital structure future growth Established operating model structures to create funding at punitive rates or occurs (in or out of court) • Restructuring liquidity challenges acquire debt at discounts participants seek to exit OFFICERS, DIRECTORS & ADVISORS Rob Kauffman – Chairman & CEO VALUE PROPOSITION Hassan Baqar – CFO Kyle Cerminara – Director 1. Signifi cant experience in distressed debt, restructuring and asset based businesses Martin Friedman – Director 2. Partnership mentality as evidenced by $35 million investment (IPO + forward Charles Nearburg – Director purchase agreement) Mark Love – Senior Advisor Larry Swets – Senior Advisor 3. Guidance: Going public, Board of Director representation, strategic & operational 4. Differentiated team experience: private equity, public company & board, buy side, SPACs INVESTOR RELATIONS 5. Minimal conﬂ icts with restructuring process participants Hassan Baqar 105 S. Maple Street Itasca, IL 60143 T: 847-791-6817 info@aldelfi nancial.com aldelfi nancial.com | info@aldelfi nancial.com © 2021 Aldel Financial Inc., May Aldel Financial Inc.

ROB KAUFFMAN Chairman & CEO Significant experience in distressed debt restructuring and asset-based businesses

• Rob Kauffman has served as our Chairman and • Since his departure from Fortress in 2012, notable Chief Executive Officer since January 2021. private investments include a non-controlling stake in University Bancorp Inc., a mortgage focused • Mr. Kauffman was a co-founder, principal and community bank based in Ann Arbor, Michigan. member of the board of directors of Fortress Investment Group LLC from its founding in 1998 • Mr. Kauffman also has significant interests in until 2012. professional auto racing and international collector car markets. • He served as a member of Fortress’s management committee and was responsible for the management • Mr. Kauffman currently has the following affiliations: of Fortress’s European private equity investment • Member of the board of directors of University operations. Bancorp Inc. • Primarily focused on distressed debt restructurings, • Board Member, Hagerty Insurance real estate and other asset based and financial • Advisory board member of McLaren Racing Ltd, a services businesses. leading UK based Formula1 racing team • Chairman of the Race Team Alliance, an association • Over the course of his career, he has been involved of NASCAR Cup Series Racing teams in a wide variety of investment activities, including • Co-owner of Chip Ganassi Racing, a professional private fund raising, IPOs, primary and secondary American racing team active in IndyCar, NASCAR, public share offerings in multiple jurisdictions, take and other forms of racing private transactions, as well as billions of dollars • Owner of RK Motors, a leading restorer and reseller of bank and capital market debt financings and of classic cars; and Speed Digital, a SaaS business securitizations. focused on the collector car market • Investor and advisory board member of Off The • Prior to co-founding Fortress Chain Capital, a cryptocurrency focused hedge fund • Managing Director at UBS, from 1997 to 1998 in its Principal Finance area. • Mr. Kauffman earned a degree in business • Principal at BlackRock Financial Management Inc., administration from Northeastern University in 1986. from 1993 to 1997 playing a key role in raising and investing their first Private Equity Fund, BlackRock Asset Investors. • Lehman Brothers from 1986 to 1993 primarily focused on the mortgage and securitization markets both in the U.S. and Europe.

DISCLAIMER This presentation shall not constitute an offer to sell or the solicitation of an offer to buy ADF securities, nor shall there be any sale of ADF securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.